Exclusive: Could GNC Holdings Inc Gain Strenght? The Stock Reaches 52-Week Low

Exclusive: Could GNC Holdings Inc Gain Strenght? The Stock Reaches 52 Week Low

The stock of GNC Holdings Inc (NYSE:GNC) hit a new 52-week low and has $11.80 target or 9.00% below today’s $12.97 share price. The 6 months bearish chart indicates high risk for the $890.47M company. The 1-year low was reported on Nov, 8 by Barchart.com. If the $11.80 price target is reached, the company will be worth $80.14 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 296,665 shares traded hands. GNC Holdings Inc (NYSE:GNC) has declined 56.66% since April 5, 2016 and is downtrending. It has underperformed by 58.62% the S&P500.

GNC Holdings Inc (NYSE:GNC) Ratings Coverage

Out of 10 analysts covering GNC Holdings (NYSE:GNC), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. GNC Holdings has been the topic of 18 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, October 28 by Deutsche Bank. The firm has “Overweight” rating given on Monday, November 2 by Barclays Capital. The stock of GNC Holdings Inc (NYSE:GNC) earned “Outperform” rating by Wedbush on Thursday, April 21. The rating was maintained by Wedbush with “Outperform” on Friday, April 29. The stock of GNC Holdings Inc (NYSE:GNC) earned “Underperform” rating by Bank of America on Friday, October 28. The stock of GNC Holdings Inc (NYSE:GNC) earned “Overweight” rating by Piper Jaffray on Tuesday, May 10. The stock of GNC Holdings Inc (NYSE:GNC) has “Overweight” rating given on Friday, October 30 by Stephens. The firm has “Neutral” rating given on Friday, April 29 by Goldman Sachs. The stock has “Neutral” rating given by JP Morgan on Monday, November 2. The rating was maintained by Goldman Sachs on Wednesday, April 6 with “Buy”.

According to Zacks Investment Research, “GNC Holdings, Inc. operates as a specialty retailer of nutritional products including vitamin, mineral, herbal and other specialty supplements and sports nutrition, diet and energy products. The Company offers its products under the brands- Mega Men, Ultra Mega, GNC WELLbeING, Pro Performance, Pro Performance AMP and Longevity Factors and etc. It also offers products and product information online. GNC Holdings, Inc. is based in Pittsburgh, Pennsylvania.”

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.15, from 1.05 in 2016Q1. The ratio fall, as 47 funds sold all GNC Holdings Inc shares owned while 67 reduced positions. 33 funds bought stakes while 70 increased positions. They now own 64.83 million shares or 5.96% less from 68.93 million shares in 2016Q1.
Swiss Bank holds 0.01% of its portfolio in GNC Holdings Inc (NYSE:GNC) for 128,400 shares. Eii Capital Mgmt has invested 0.62% of its portfolio in GNC Holdings Inc (NYSE:GNC). Robecosam Ag reported 68,688 shares or 0.15% of all its holdings. Advisors Asset Mngmt Inc reported 2,278 shares or 0% of all its holdings. Walthausen & Communications has 0.66% invested in the company for 260,174 shares. Gotham Asset Mgmt Limited Com, a New York-based fund reported 298,026 shares. Parallax Volatility Advisers Ltd Partnership last reported 0% of its portfolio in the stock. Blackrock Grp Incorporated Limited accumulated 623,011 shares or 0.01% of the stock. Private Management Ltd Liability Corp holds 1.3% of its portfolio in GNC Holdings Inc (NYSE:GNC) for 364,759 shares. Highbridge Mgmt Ltd Llc reported 160,485 shares or 0.06% of all its holdings. Impax Asset Management Ltd holds 0.24% or 199,551 shares in its portfolio. Freestone Capital Holdings Ltd Liability Company has 0.03% invested in the company for 11,442 shares. Scotia reported 44,320 shares or 0.02% of all its holdings. The Illinois-based Deere & has invested 0.02% in GNC Holdings Inc (NYSE:GNC). Sg Americas Securities Ltd Liability Corporation holds 0.01% or 59,654 shares in its portfolio.

More notable recent GNC Holdings Inc (NYSE:GNC) news were published by: Prnewswire.com which released: “GNC Holdings, Inc. Reports Third Quarter 2016 Results” on October 27, 2016, also Prnewswire.com with their article: “GNC Holdings, Inc. Announces Quarterly Dividend” published on October 21, 2016, Prnewswire.com published: “GNC Holdings, Inc. Third Quarter 2016 Earnings Release, Webcast and Conference …” on October 11, 2016. More interesting news about GNC Holdings Inc (NYSE:GNC) were released by: Nasdaq.com and their article: “Earnings Reaction History: GNC Holdings Inc, 50.0% Follow-Through Indicator, 8 …” published on October 27, 2016 as well as Investorplace.com‘s news article titled: “Why Halliburton Company (HAL), GNC Holdings Inc (GNC) and Michael Kors …” with publication date: October 19, 2016.

GNC Company Profile

GNC Holdings, Inc., incorporated on February 5, 2007, is a specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products (VMHS), sports nutrition products and diet products. The Company’s activities consist of purchasing raw materials, formulating and manufacturing products and selling the finished products. The Firm operates in three divisions: Retail, Franchising and Manufacturing/Wholesale. The Company’s brands include Mega Men, Ultra Mega, Total Lean, Pro Performance and Pro Performance AMP, Beyond Raw, GNC Puredge, GNC GenetixHD and Herbal Plus. The Firm operates its primary manufacturing facilities in South Carolina and distribution centers in Arizona, Indiana, Pennsylvania and South Carolina. The Firm makes its branded products and also merchandises various third-party products.

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